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Concept Maps

Insurance Services — Concept Maps

NIOS · Class 10 · Business Studies

4 concept maps of Insurance Services for NIOS Class 10 Business Studies, each also written out as a text outline.

45 questions33 flashcards5 concepts

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4 Concept Maps

Insurance Services - Comprehensive Topic Overview

Insurance Services - Comprehensive Topic Overview

The map in words

  • Insurance Services
    • Nature of Risk
      • Speculative Risk
      • Pure Risk
      • Property Risk
      • Personnel Risk
      • Financial Risk
      • Marketing Risk
    • Types of Insurance
      • Life Insurance
        • Whole-life Policy
        • Endowment Policy
      • Fire Insurance
        • Indemnity Principle
        • Accidental Fire
      • Marine Insurance
        • Cargo Insurance
        • Hull Insurance
        • Freight Insurance
        • Time Policy
        • Voyage Policy
        • Mixed Policy
        • Floating Policy
      • Other Types
        • Motor Vehicle
        • Burglary
        • Fidelity
        • Personal Accident
        • Liability
        • Property
    • Principles
      • Utmost Good Faith
      • Insurable Interest
      • Indemnity
      • Contribution
      • Subrogation
      • Mitigation
      • Causa-Proxima
    • Importance
      • Risk Spreading
      • Business Security
      • Savings Encouragement
      • Employment Generation
      • National Development

Mind map showing different categories and types of business risks that companies face

Mind map showing different categories and types of business risks that companies face

The map in words

  • Business Risks
    • Property Risk
      • Fire damage
      • Theft
      • Natural calamities
    • Personnel Risk
      • Employee injuries
      • Employee illness
      • Death of key staff
    • Financial Risk
      • Market changes
      • Price fluctuations
      • Credit losses
    • Marketing Risk
      • Demand changes
      • Fashion changes
      • Competition

Pie chart showing the relative distribution of different types of business risks

Pie chart showing the relative distribution of different types of business risks

The map in words

  • Property Risk: 25
  • Personnel Risk: 20
  • Financial Risk: 20
  • Marketing Risk: 18
  • Speculative Risk: 12
  • Pure Risk: 5

Insurance Services

Insurance Services

The map in words

  • Insurance Services
    • Nature of business risks
    • Meaning of insurance
    • Importance of insurance
    • Types of insurance
    • Life insurance
    • Fire insurance
    • Marine insurance
    • Other types of insurance

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Frequently Asked Questions

What are the important topics in Insurance Services for NIOS Class 10 Business Studies?
Key topics in Insurance Services include Nature of Business Risks, Meaning and Importance of Insurance, Types of Insurance, Life Insurance. Study these first, then practise questions on each for the NIOS Class 10 board exam.
What do the concept maps for Insurance Services show?
The 4 maps show how the ideas in Insurance Services connect: Insurance Services - Comprehensive Topic Overview; Mind map showing different categories and types of business risks that companies face. Each map is also written out as an outline on this page.
How should I revise Insurance Services for the NIOS Class 10 board exam?
Learn the core ideas first, then work through the 45 practice questions on Insurance Services. Revise definitions regularly and use flashcards for quick recall before the exam.

Sources & Official References

Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.

More resources for Insurance Services

All NIOS Class 10 Business Studies Concept Maps

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